Blackline Inc (NASDAQ:BL) reported earnings of $0.01 per share beating Walls Streets expectations.

ME Staff
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Blackline Inc (NASDAQ:BL) reported Q2 2018 earnings this Afternoon, coming in at $0.01 per share, beating Wall Street’s estimates of ($0.01) per Share. Revenue for the quarter came in at $55.45 million beating analyst estimates of $53.66 million

Recent Insider Trading for Blackline Inc (NASDAQ:BL)

  • On 6/25/2018 Chris Murphy, CRO, sold 15,000 with an average share price of $44.76 per share and the total transaction amounting to $671,400.00.
  • On 6/18/2018 Chris Murphy, CRO, sold 15,000 with an average share price of $49.05 per share and the total transaction amounting to $735,750.00.
  • On 6/11/2018 Chris Murphy, CRO, sold 15,000 with an average share price of $43.91 per share and the total transaction amounting to $658,650.00.
  • On 6/4/2018 Chris Murphy, CRO, sold 15,000 with an average share price of $43.01 per share and the total transaction amounting to $645,150.00.
  • On 5/29/2018 Chris Murphy, CRO, sold 15,000 with an average share price of $40.12 per share and the total transaction amounting to $601,800.00.
  • On 5/25/2018 Sumeru (Gp) L.L.C. Slta, Director, sold 3,500,000 with an average share price of $40.05 per share and the total transaction amounting to $140,175,000.00.



    About Company
    BlackLine, Inc. provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. Its solutions enables its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities. The company's solutions comprise reconciliation management solution that consists of account reconciliations, transaction matching, consolidation integrity manager, and daily reconciliations; and a framework for the reconciliation process, which allows users to build integrity checks and automation into the entire end-to-end work flow. Its solutions also comprise financial close management solution that includes task management, journal entry, and variance analysis; and allows customers to manage the key steps within the close, applying automation where possible, and ensure that tasks are properly completed and reviewed. In addition, the company provides intercompany hub solution comprising intercompany workflow and processing, and netting and settlement, as well as manages the intercompany transaction lifecycle within its platform. Further, it offers a range of key performance indicators that enable clients to compare metrics across their own operating entities, set goals, and gauge their performance over time; and services, such as implementation, support, customer success, and training services. The company sells its platform, primarily through direct sales force to enterprises, mid-market companies, and multinational corporations. BlackLine, Inc. has a strategic alliance with Ernst & Young LLP to expand process automation capabilities and finance transformation services. The company was founded in 2001 and is headquartered in Los Angeles, California.

    Recent Analyst Rating for Blackline Inc (NASDAQ:BL)



      Recent Trading for Blackline Inc (NASDAQ:BL)
      Shares of Blackline Inc closed the previous trading session at 45.54 up +2.26 5.22% with 43.35 shares trading hands.